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Govt says GSTIN not mandatory for MSME registration: Here s all you need to know In a recent notification issued by the MSME ministry, an entrepreneur or proprietor may use his or her PAN card for registration of the enterprise on the Udyam Registration portal. 0 claps Share on The Indian government has made the MSME registration process simpler. Now, entrepreneurs and proprietors who are exempted from filing GST returns can register their company on the Udyam Registration portal as an MSME with the help of a PAN card.
This facilitation would help several micro-enterprises, including skilled craftsmen, artisans, and other enterprises in the informal sector and unorganised sector, to register easily. ....
UDYAM a bane or boon for MSMEs? MSMEs are a vital cog of the India economy - THE HINDU× Far from helping the sector, the stringent classification norms of the scheme will end up harming it “A Good intention with a bad approach often leads to a poor result”. Covid has impacted almost all the sectors of the economy but the micro, small and medium enterprises (MSME) seem to be the worst affected. Various survey reports estimate the loss in revenue for this sector to the tune of 30-50 per cent and given their fragile scale and vulnerable position, the damage is serious. ....